It's budget time again for the towns of Lysander and Van Buren.
In Lysander, both the tax levy and tax rate increased from last year.
The proposed tax levy is $2,116,768, up from $1,733,837 last year. Tax rates for property owners town-wide increased from $1.54 per $1,000 in 2007 to $1.72 per $1,000 in 2008, which includes 87 cents per $1,000 for the highway department. The tax rate for properties within the village increased from 49 cents per $1,000 in 2007 to 78 cents per $1,000 in 2008.
According to Lysander Comptroller David Rahrle, the total tax levy is up due to a couple of factors including a reduction of total revenues and allocation of fund balance. Total revenues are down due to the sale of 6 Lock St. in the 2007 budget, while the total amount of fund balance appropriated to the 2008 budget of $790,000 is $200,000 less than 2007.
Major contributors to the 2008 budget appropriations include $165,000 for the construction of the Seneca River Trail, $225,000 for legal fees for the Anheuser-Busch litigation and $300,000 for road construction projects.
Rahrle noted that overall spending is down 2.8 percent ($139,689).
"The department heads did an excellent job in putting their budgets together," Rahrle said.
The town's taxable assessed value is $1,349,348,138, a 6.5-percent increase ($123,308,657) from last year.
Lysander will hold a public hearing regarding the proposed budget at 7:30 p.m. Thursday at 8220 Loop Road in Radisson.
For the first time in years, the general levy will decrease if Van Buren's proposed budget is approved. Not to mention the tax rates will also decrease.
The total tax levy for 2008, which is the amount of money generated solely from taxes, is $2.366 million. While the overall levy will increase from $2.291 million in 2007, the town and village levies will decrease.